Plan Ledger DOL Form 5500 · updated monthly

Data Recognition Corporation401(k)

DATA RECOGNITION CORPORATION EMPLOYEES' BENEFITS PLAN AND TRUST · MAPLE GROVE, MN · plan year 2024

Reported admin expense ratio · 2024
0.07%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Data Recognition Corporation reported $137,236 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $2,533 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.12% to 0.07%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other information & media employers. By assets it is the 160th-largest of 1,918 plans among Minnesota employers on file, and the 185th of 2,199 in information & media. In 2024, employees put in $3.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$205,731,876
Participants with balances1,424
Active participants1,175
Employer contributions$2,976,750
Employee contributions$9,298,896
Employer contribution per active participant$2,533
Average account balance$144,475
Benefits paid to participants$13,360,367
Plan auditUnmodified (clean) audit opinion
AuditorCOPELAND BUHL & COMPANY PLLP
Plan history3
Yearassets · accounts · employer contribution
2024$205.7M · 1,424 accts · $3.0M emplr
2023$178.0M · 1,443 accts · $2.8M emplr
2022$141.5M · 1,354 accts · $2.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$137,236
Total administrative$137,236
The Data Recognition Corporation 401(k) match · 2024
Employer contribution per active participant$2,533
Median for plans this size$3,635
2024$2,533 per active participant
2023$2,276 per active participant
2022$2,256 per active participant

Data Recognition Corporation's 2024 employer contribution ran below the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
ONEAMERICA RETIREMENT SERVICES, LLC · Recordkeeping · Loan processing$137,236
MATRIX TRUST COMPANY · Custodial (securities) · Trusteeindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$137,236 · 0.07%
2023$106,984 · 0.07%
2022$195,403 · 0.12%
Same employer
Similar plansInformation & Media · Minnesota
Hubbard Broadcasting, Inc. MN$383.9M · 0.01%
Cjk Group, Inc. MN$256.9M · 0.16%
American Public Media Group MN$225.5M · 0.00%
Jamf Software, LLC MN$165.8M · 0.24%
Arvig Enterprises, Inc. MN$91.9M · 0.15%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 411810970 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.